In NYSE the time is 10.30 am, the stock price of Apple Inc. is $ 195.87 . At 11.00 am Apple Inc. management unexpectedly announces that the firm has just offered a $2.20 dividend per share. There are no other relevant announcements during the day. At 4:00 pm at the close of trading, the stock is selling for $208.05. This means that the market (NYSE) has strong form of market efficiency.

A. True

B. False